Welcome to 3 Lovering Lane, a modern and spacious family home in Guelph's prestigious Kortright East neighbourhood. Built in 2021 and exceptionally maintained, this nearly-new 2-storey residence offers an impressive 2,820 sq ft above grade, featuring 5 large bedrooms, 3.5 bathrooms, and a professionally finished legal basement apartment-perfect for multigenerational living or generating rental income to offset your mortgage. The main floor boasts an expansive open-concept layout where the kitchen, dining room, and family room flow seamlessly along the back of the home. Large windows and sliding doors bring in natural light and open onto a virgin backyard, offering a blank canvas for your landscaping dreams. Upstairs, every bedroom is spacious, including a primary bedroom, giving you comfort, space, and privacy. A major highlight is the legal 1-bedroom basement apartment, complete with a full 4-pc bathroom, a huge living/dining area, large bedroom, and a finished kitchen. This suite features its own private separate side entrance, making it ideal for in-laws, or as a rental unit (Condo corporation allows one family rental, but not student rental). With demand for quality rentals in this area, this space can be leased to significantly help with monthly mortgage payments. Located in a quiet, private Vacant Land Condominium community, homeowners enjoy low-maintenance living with snow removal, private road maintenance, and common area upkeep included. Close to the University of Guelph, excellent schools, parks, shopping, transit, and all amenities. A rare opportunity to own a modern, income-generating home in one of Guelph's most sought-after neighbourhood!
Address
3 Lovering Lane
List Price
$1,575,000
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Residential Condo & Other
Type of Dwelling
Detached Condo
Style of Home
2-Storey
Transaction Type
Sale
Area
Guelph
Sub-Area
Kortright East
Region
Wellington
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
10
Rooms Below Grade
3
Bathrooms
4
Floor Area
2750-2999 Sq. Ft.
Square Foot Source
Builder
Lot Size Source
MPAC
Parcel Number
719530018
Occupant Type
Owner
Cross Street
Landsdown Dr/ Lovering Lane
Approx. Age
0 - 5 Years
Maint. Fee
$180.00
MLS® Number
X12590628
Listing Brokerage
HomeLife Power Realty Inc
Basement Area
Apartment, Finished, Separate Entrance, Walk-Up
Postal Code
N1L 0H3
Parking Places (Total)
4
Parking Spaces
2
Tax Amount
$10,147.00
Tax Year
2025
Property Management Company
White Cedar Estates
Pets
Yes-with Restrictions
Interior Features
Accessory Apartment, Sump Pump, Water Heater, Water Softener
Central Vacuum
No
Family Room
No
Ensuite Laundry
Yes
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Association Fee Includes
Parking Included, Common Elements Included
Association Name
WVLCC
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Balcony Type
None
Construction Materials
Stone, Vinyl Siding
Exposure
North
Fireplace
Yes
Garage
Yes
Garage Type
Attached
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Laundry Features
In-Suite Laundry, Multiple Locations
Roof
Asphalt Shingle
Legal Level Number
1
Waterfront
No
Waterfront
None
Locker
None